Perfect for the time it was made.
Gameplay: The game that originated the gameplay of the 3D Zelda series. This gameplay formula has been used in all the of the 3D Zelda's with only minor changes. Majora's Mask, Wind Waker, and Twilight Princess each use this gameplay, and all have succeeded.
Graphics: As of now, it's a big out of date. Back at the time, it was incredibly realistic, but now, it seems quite a bit dated.
Sound: I have always loved the sound. I just ask that Nintendo adds voices. Maybe not for Link, but for others. Instead of hearing random sounds that they make, actual voices for each of the people.
Value: Between collecting all the items, finding all the Skulltulas, and collecting all the heart pieces, there is plenty of replay value, and it will keep you playing for hours after you beat the main game.
Overall: This game could definitely be considered a perfect game for the time it was made, but as of now, the graphics are a bit dated and the sound needs a bit of updating. On the positive side, the gameplay is flawless, and the music is perfect.